Which one of the following regarding capital gains/losses of C corporations is true: Select one:...
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Accounting
Which one of the following regarding capital gains/losses of C corporations is true: Select one: a. Capital losses cannot reduce ordinary income b. Excess capital losses can be used to reduce capital gains in the future 20 years c. Sales of inventory at a gain produces capital gains d. The tax rates of capital gains and ordinary income are different for C corporations
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